Insider Selling: FCB Financial Holdings, Inc. (FCB) Director Sells 20,000 Shares of Stock

FCB Financial Holdings, Inc. (NYSE:FCB) Director Paul A. Novelly sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $47.03, for a total value of $940,600.00. Following the completion of the sale, the director now owns 2,000 shares in the company, valued at approximately $94,060. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of FCB Financial Holdings, Inc. (FCB) traded down 0.23% during midday trading on Friday, hitting $43.20. The company had a trading volume of 199,834 shares. The company has a market capitalization of $1.87 billion, a P/E ratio of 15.06 and a beta of 1.29. FCB Financial Holdings, Inc. has a 52 week low of $35.55 and a 52 week high of $50.33. The firm’s 50 day moving average is $46.95 and its 200 day moving average is $47.43.

FCB Financial Holdings (NYSE:FCB) last posted its earnings results on Tuesday, July 25th. The bank reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.08. The company had revenue of $83 million for the quarter, compared to analysts’ expectations of $83.47 million. FCB Financial Holdings had a return on equity of 11.11% and a net margin of 33.95%. FCB Financial Holdings’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the firm earned $0.56 earnings per share. Equities research analysts anticipate that FCB Financial Holdings, Inc. will post $2.80 EPS for the current year.

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A number of equities research analysts have commented on the company. ValuEngine upgraded FCB Financial Holdings from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research lowered FCB Financial Holdings from a “buy” rating to a “hold” rating in a research report on Monday, April 24th. BidaskClub lowered FCB Financial Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Royal Bank Of Canada assumed coverage on FCB Financial Holdings in a research report on Monday, July 17th. They issued an “outperform” rating and a $56.00 price target on the stock. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $51.00 price target on shares of FCB Financial Holdings in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $51.67.

Several hedge funds have recently bought and sold shares of FCB. SG Americas Securities LLC boosted its stake in FCB Financial Holdings by 23.6% in the first quarter. SG Americas Securities LLC now owns 3,397 shares of the bank’s stock valued at $168,000 after buying an additional 649 shares during the last quarter. Whittier Trust Co. boosted its stake in FCB Financial Holdings by 2.6% in the second quarter. Whittier Trust Co. now owns 50,389 shares of the bank’s stock valued at $2,406,000 after buying an additional 1,278 shares during the last quarter. Vanguard Group Inc. boosted its stake in FCB Financial Holdings by 3.7% in the first quarter. Vanguard Group Inc. now owns 2,826,402 shares of the bank’s stock valued at $140,048,000 after buying an additional 101,061 shares during the last quarter. 1st Global Advisors Inc. boosted its stake in FCB Financial Holdings by 97.0% in the first quarter. 1st Global Advisors Inc. now owns 17,258 shares of the bank’s stock valued at $855,000 after buying an additional 8,498 shares during the last quarter. Finally, Emerald Advisers Inc. PA boosted its stake in FCB Financial Holdings by 33.1% in the second quarter. Emerald Advisers Inc. PA now owns 635,513 shares of the bank’s stock valued at $30,346,000 after buying an additional 158,130 shares during the last quarter. 92.63% of the stock is currently owned by institutional investors.

About FCB Financial Holdings

FCB Financial Holdings, Inc is a bank holding company with a national bank subsidiary, Florida Community Bank, National Association (the Bank). The Company operates in the Community Banking segment. Through the Bank, the Company provides a range of retail and commercial banking services. As of December 31, 2016, the Company provided a range of financial products and services to individuals, small and medium-sized businesses, some large businesses, and other local organizations and entities through 46 branches in south and central Florida.

Insider Buying and Selling by Quarter for FCB Financial Holdings (NYSE:FCB)

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